NOBH

Nobility Homes (NOBH) Declares $1.00 Dividend

Nobility Homes said on March 3, 2023 that its board of directors declared a regular annual dividend of $1.00 per share. Previously, the company paid $1.00 per share.

Shares must be purchased before the ex-div date of March 17, 2023 to qualify for the dividend. Shareholders of record as of March 20, 2023 will receive the payment on April 3, 2023.

At the current share price of $25.00 / share, the stock's dividend yield is 4.00%. Looking back five years and taking a sample every week, the average dividend yield has been 4.07%, the lowest has been 2.76%, and the highest has been 5.24%. The standard deviation of yields is 0.60 (n=188).

The current dividend yield is 0.11 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.47. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company has not increased its dividend in the last three years.

Learn to Harvest Dividends

Buy Stock. Capture Dividend. Sell Stock. Repeat. This is the essence of dividend harvesting and you can do it easily with Fintel's Dividend Capture Calendar.

What is the Fund Sentiment?

There are 18 funds or institutions reporting positions in Nobility Homes. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to NOBH is 0.19%, a decrease of 2.69%. Total shares owned by institutions increased in the last three months by 1.60% to 452K shares.

What are Large Shareholders Doing?

NOBH / Nobility Homes, Inc. Shares Held by Institutions

EQ ADVISORS TRUST - 1290 VT GAMCO Small Company Value Portfolio Class IA holds 174K shares representing 5.16% ownership of the company. In it's prior filing, the firm reported owning 170K shares, representing an increase of 2.30%. The firm decreased its portfolio allocation in NOBH by 10.01% over the last quarter.

WMMAX - Teton Westwood Mighty Mites Fund holds 106K shares representing 3.15% ownership of the company. No change in the last quarter.

GCASX - The Gabelli Small Cap Growth Fund holds 71K shares representing 2.11% ownership of the company. No change in the last quarter.

Gabelli Equity Trust holds 40K shares representing 1.17% ownership of the company. In it's prior filing, the firm reported owning 36K shares, representing an increase of 7.85%. The firm decreased its portfolio allocation in NOBH by 2.43% over the last quarter.

EQ ADVISORS TRUST - 1290 VT GAMCO Mergers & Acquisitions Portfolio Class IA holds 16K shares representing 0.47% ownership of the company. No change in the last quarter.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.